* Solaris Energy Infrastructure Inc reported quarterly adjusted earnings of 8 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of two analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 4 cents to 14 cents per share.
* Revenue rose 7.7% to $75.02 million from a year ago; analysts expected $72.20 million.
* Solaris Energy Infrastructure Inc's reported EPS for the quarter was a loss of 4 cents.
* The company reported a quarterly loss of $1.2 million.
* Solaris Energy Infrastructure Inc shares had risen by 6.8% this quarter and gained 71.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 32% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the oil related services and equipment peer group is "buy."
Wall Street's median 12-month price target for Solaris Energy Infrastructure Inc is 16.50 This summary was machine generated from LSEG data November 5 at 08:00 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.09 0.08 Missed
Jun. 30 2024 0.12 0.13 Beat
Mar. 31 2024 0.14 0.16 Beat
Dec. 31 2023 0.17 0.15 Missed